Flipkart Co-founder and former Group CEO Binny Bansal has reportedly negotiated an immediate payout of $100 million from Walmart, with the remaining due by August 2020. As per his original contract, Binny would have received over half of his more than $850 million worth of stakes. He will continue to keep remainder of his stock in Flipkart, the report added.

An order issued by the Zonal Education Officer (ZEO), Langate in Jammu and Kashmir that prohibited officers from wearing a pheran in office, was withdrawn after being criticised on social media. Media reports on the ban had led to several Kashmiris, including former CM Omar Abdullah, posting photos of them wearing the traditional attire, on Twitter.

Ahead of the GST-Council meeting on December-22 where the 28% tax slab is expected to be pruned further, PM Narendra Modi said his government wants to ensure that 99% items attract GST-rate of 18% or less. "Today, the GST system has been established to a large-extent," he said adding that the 28% slab of GST would only be restricted to a few select items.